Solar Power Market in India to grow by USD 240.42 billion from ... - Yahoo Finance

Solar Power Market in India to grow by USD 240.42 billion from 2021 to 2026; ABB Ltd., ACME Solar, among others identified as key trends - Technavio

NEW YORK, March 15, 2023 /PRNewswire/ -- The solar power market in India size is estimated to grow by USD 240.42 billion from 2021 to 2026. However, the growth momentum will decelerate at a CAGR of 35.24% during the forecast period. The market is segmented by end-user (utility and rooftop) and application (grid-connected and off-grid). The market will witness significant growth in the utility segment during the forecast period. The decline in the prices of solar PV installation and favorable government policies are driving the growth of the segment. To understand more about the solar power market in India, request a sample report.

Solar Power Market in India: Insights
Vendors: 15+, including ABB Ltd., ACME Solar, Adani Enterprises Ltd., Azure Power, Canadian Solar Inc., GCL System Integration Technology Co. Ltd., Huawei Investment and Holding Co. Ltd., JA Solar Technology Co. Ltd., juwi AG, Sterling and Wilson Solar Ltd., among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: End-user (utility and rooftop) and Application (grid-connected and off-grid)

Solar power market in India - Vendor Insights

The solar power market in India is fragmented. The market comprises numerous international and regional players that offer a wide range of products and solutions. The threat of rivalry among vendors is moderate owing to high capital requirements. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including –
ABB Ltd. - The company offers solar power services that include electrical power which includes energy production, power transmission, transportation, process automation and pollution control, under the brand name ABB Ltd.
ACME Solar - The company offers solar power services that include innovative green energy, energy management solutions such as solar water heating, water heating systems, solar heating, solar ventilation, solar lighting, portable solar, and solar transportation, under the brand name ACME Solar.
Adani Enterprises Ltd. - The company offers solar power services that include solar electricity, solar water heating, solar heating, solar ventilation, solar lighting, portable solar, solar transportation, and others under the brand name Adani Enterprises Ltd.
Azure Power - The company offers solar power services that include solar power plants, solar water heating, water heating systems, solar heating, solar ventilation, solar lighting, portable solar, and others under the brand name Azure Power.

Solar Power Market in India – Market Dynamics

The market is driven by increasing investments in renewable energy. However, the presence of alternative energy sources will hinder the growth of the market. The solar power market in India report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Drivers and challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report.

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Global competitiveness and key competitor positions
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What are the key data covered in this solar power market in India report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the solar power market in India between 2022 and 2026
Precise estimation of the size of the solar power market in India and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the solar power market across India
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of solar power market vendors in India

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Related Reports:
The
renewable energy market is estimated to grow at a CAGR of 8.91% between 2022 and 2027. The size of the market is forecast to increase by 1,776.08 GW. The market is segmented by end-user (residential, industrial, and commercial), type (hydropower, wind, solar, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
The
off-grid solar power systems market is estimated to grow at a CAGR of 11.92% between 2022 and 2027. The size of the market is forecast to increase by USD 3,263.94 million. The market is segmented by type (AC and DC), application (non-residential and residential), and geography (APAC, Europe, Middle East and Africa, North America, and South America).

Solar Power Market in India Scope

Report Coverage

Details

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 35.24%

Market growth 2022-2026

USD 240.42 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

37.31

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., ACME Solar, Adani Enterprises Ltd., Azure Power, Canadian Solar Inc., GCL System Integration Technology Co. Ltd., Huawei Investment and Holding Co. Ltd., JA Solar Technology Co. Ltd., juwi AG, and Sterling and Wilson Solar Ltd.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse through Technavio's Utilities Market Reports

Table of contents:

Executive Summary

Market Landscape
Market ecosystem
Value chain analysis

Market Sizing
Market definition
Market segment analysis
Market size 2021
Market outlook: Forecast for 2021 - 2026

Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Application
Market segments
Comparison by Application
Grid-connected - Market size and forecast 2021-2026
Off-grid - Market size and forecast 2021-2026
Market opportunity by Application

Market Segmentation by End-user
Market segments
Comparison by End-user
Utility - Market size and forecast 2021-2026
Rooftop - Market size and forecast 2021-2026
Market opportunity by End-user

Customer landscape
Market drivers
Market challenges
Market trends

Vendor Landscape
Overview
Landscape disruption

Vendor Analysis
Vendors covered
Market positioning of vendors
ABB Ltd.
ACME Solar
Adani Enterprises Ltd.
Azure Power
Canadian Solar Inc.
GCL System Integration Technology Co. Ltd.
Huawei Investment and Holding Co. Ltd.
JA Solar Technology Co. Ltd.
juwi AG
Sterling and Wilson Solar Ltd.

Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

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